South Carolina House Bill 5137 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on March 15 2022 - 25% progression, died in committee
Action: 2022-03-30 - Member(s) request name added as sponsor: Carter
Pending: House Labor, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]

Amend Section 34-39-180, Code Of Laws Of South Carolina, 1976, Relating To Restrictions And Requirements For Deferred Presentment Or Deposit Of Checks, So As To Provide That A Licensee May Not Charge A Fee That Would Cause The Annual Percentage Rate To Exceed Thirty-six Percent; To Amend Section 37-3-201, Relating To Loan Finance Charges, So As To Provide That Certain Lenders May Not Charge An Annual Percentage Rate Higher Than Thirty-six Percent Per Annum; To Amend Section 37-3-205, Relating To Loan Finance Charges On Refinancing, So As To Provide That With Respect To A Consumer Loan, Refinancing, Or Consolidation, A Lender May Not Exceed An Annual Percentage Rate Of Thirty-six Percent; To Amend Section 37-3-206, Relating To Loan Finance Charges On Consolidation, So As To Provide For Annual Percentage Rate Limits; To Amend Section 37-3-305, Relating To Filing And Posting Of The Maximum Rate Schedule Of A Loan, So As To Provide For Requirements; To Amend Section 37-3-511, Relating To Payment Schedules And Maximum Loan Terms, So As To Remove The Maximum Principal Amount; And To Repeal Chapter 29 Of Title 34 And Sections 37-3-413 And 34-39-250 All Relating To Consumer Finance Law.

Consumer Loans

Rep. Gilda Cobb-Hunter [D]

Rep. Jerry Carter [R]

Date	Chamber	Action
2022-03-30	House	Member(s) request name added as sponsor: Carter
2022-03-15	House	Referred to Committee on Labor, Commerce and Industry
2022-03-15	House	Introduced and read first time

S0058 (Similar To) 2021-01-12 - Referred to Committee on Banking and Insurance
H3462 (Similar To) 2021-01-12 - Referred to Committee on Labor, Commerce and Industry

Chapter	Article	Section	Citation Type	Statute Text
34	39	180	(n/a)	See Bill Text
34	39	250	(n/a)	See Bill Text
37	3	201	(n/a)	See Bill Text
37	3	205	(n/a)	See Bill Text
37	3	206	(n/a)	See Bill Text
37	3	305	(n/a)	See Bill Text
37	3	413	(n/a)	See Bill Text
37	3	511	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=5137&session=124&summary=B
Text	https://www.scstatehouse.gov/sess124_2021-2022/prever/5137_20220315.htm